Entity Owned 
For Lease
1 / 31
$24 SF/Yr
656 Kreag Rd, Pittsford, NY 14534
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Property summary
AI-generated overview
This exceptional 10,484 square foot executive office building, located at 656 Kreag Rd in Pittsford, NY 14534, presents a unique investment opportunity. Situated on a generous 1.71-acre lot, the Class B property boasts ample parking with space for 40 vehicles. The building features a flexible four-pod layout, making it ideal for either single or multi-tenant occupancy. Its zoning allows for Restricted Business and Commercial C-1 uses. The property benefits from a recently installed tear-off roof (2023) and newer HVAC units, ensuring efficient and cost-effective operation. Its prime location offers convenient access to I-490 Bushnell's Basin exit, placing it just 15 minutes from downtown Rochester and close to the New York State Thruway. The seller is offering owner financing, and may consider leasing back a portion of the space, with terms to be negotiated separately. This presents a compelling opportunity for investors seeking a well-maintained, strategically located office building in a thriving market. The property is zoned for Restricted Business and Commercial C-1 uses, providing flexibility for a variety of business types. Don't miss this chance to acquire a high-quality commercial property with significant upside potential.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Total area
10,100 SF
Lot
1.71 ac (74,488 SF)
Zoning code
RESTRC BUS
APN
264489 179.10-1-25.1
UPID
US63-6258223
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Employment Agency
-
Telecommunications Service Data Center
-
Accounting Firm Tax Preparation
-
Insurance Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$756k
Blend (final)
Blend
$590k
Owner & transaction history
since 2025
Last sale
$749,000
7 recorded transactions
Zoning & alternative use
RESTRC BUS · Pittsford, NY
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 10 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$590k
Value range
$531k – $649k
±10% around blend
Estimated value / SF
$58 / SF
Confidence
High
10 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
100
Income certainty
100
$531k
blend $590k
$649k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,100 SF
Lot area
1.71 ac
Year built
1978
Stories
2
APN
264489 179.10-1-25.1
Zoning
RESTRC BUS
Assessed value
$835,200
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$914k
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.7 mi away · 8,586 SF
8.1 mi away · 8,076 SF
10.4 mi away · 9,650 SF
13.0 mi away · 11,700 SF
13.7 mi away · 10,880 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$590k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 205 sales
$90
-35%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $58/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$269k
Move the market yield to see immediate price impact.
Value / SF
$27
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$17k
$339k
$242k
$188k
$19k
$376k
$269k
$209k
$21k
$414k
$296k
$230k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$1.00M
2.0 mi · Dec 2025 · $110/SF
Property tax & assessments
Property tax & assessments
Assessed value
$835,200
Assessed 2023
Previous assessed
$835,200
+0.0% YoY
Assessed land
$245,900
Assessed improvement
$589,300
Land market value
$346,327
Improvement market value
$829,973
Total market value
$1,176,300
Applied tax rate
264,601.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1978
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
10,100 SF
Lot
1.71 ac (74,488 SF)
Zoning code
RESTRC BUS
APN
264489 179.10-1-25.1
UPID
US63-6258223
Jurisdiction
MONROE
Zoning & alternative use
RESTRC BUS · Pittsford, NYZoning RESTRC BUS · permitted uses
RESTRC BUS · Pittsford, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
1.71 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
RESTRC BUS
Jurisdiction
Pittsford, NY
Recorded code
RESTRC BUS
Ownership Intelligence
Find the owner behind the property.
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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